Abstracts » Business

CAPE crusaders

Article Abstract:

The Accounting Standards Board (ASB) has published an exposure draft, 'Statement of Principles: Proposed Interpretation for Public Benefit Entities. The project to interpret the statement for public benefit entities have been undertaken under the guidance of the ASB's Committee on Accounting for Public benefit Entities (CAPE). Some key areas of change such as liabilities for commitment, residual interest, voluntary gift, and capital contributions are discussed.

Capital funds & cash flow, Accounting and auditing, Public finance, Charities, Government accounting

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CAPE crusaders

Article Abstract:

The Accounting Standards Board (ASB) has published an exposure draft, 'Statement of Principles: Proposed Interpretation for Public Benefit Entities. The project to interpret the statement for public benefit entities have been undertaken under the guidance of the ASB's Committee on Accounting for Public benefit Entities (CAPE). Some key areas of change such as liabilities for commitment, residual interest, voluntary gift, and capital contributions are discussed.

Reports, Accounting, Accounting procedures

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Reporting what matters

Article Abstract:

Some of the key areas that have changed and that will be important for those preparing, using and auditing charity financial statements and reports are focused. The Charity Commission's statement of recommended practice (SORP) is preparing exposure draft (ED) that addresses new developments and includes guidance on accounting for programme-related investments and total return investment policies.

Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Reporting & Disclosure, Laws, regulations and rules, Auditing, Financial statements, Return on investment, Rate of return

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